Public Sector Undertaking (PSU) stocks have notably declined following the Union Budget 2024, as the government did not introduce any changes to the previously outlined capital expenditure (capex) plans in the interim budget. Amid this backdrop, stocks from the defence, power, and railways sectors, which had surged significantly following the […]
Defence PSU Stocks
Indian defence stocks have seen a remarkable rally in recent years, fueled by strong order wins, revenue growth, and the government’s significant push for indigenisation in the defence sector. However, this impressive surge has led many of these stocks to trade at high valuations, raising concerns about their potential for […]
Garden Reach Shipbuilders (GRSE) enjoyed another bullish day as the PSU’s stock surged 18% to reach a new all-time high of ₹2,065 apiece during today’s intraday trade, before closing the session with a 11% gain at ₹1,946. Today’s rally pushed the stock’s gains to multibagger returns of 123% in CY24 […]
As a result, defence stocks have emerged as standout performers over the past year, multiplying their investors’ wealth in a remarkably short span. Among the top performers in the defence industry, Mazagon Dock Shipbuilders has excelled, with a stellar return of over 277% in the past year. The company is […]